FEATURED ARTICLES ABOUT UII - PAGE 2

KOLKATA: United India Insurance (UII) has just bagged a mega cover with a sum assured value of Rs 80,000-90,000 crore from power equipment maker, Bharat Heavy Electricals Ltd. "We would not like to divulge the premium figure, but we have just bagged the cover for Bhel from some other insurer which had this account last year. The policy was sold on April 1 and it will be an industrial all risk cover ? meaning it covers all projects and manufacturing units of the company," G. Srinivasan, chairman and managing director at UII said.

KOLKATA: Private sector general insurance major, ICICI Lombard will now cover lives of 16 million passengers of Indian Railways who travel with the railways daily on some 7000-odd trains. This cover is against loss of life or disability due to train accidents and the Railways has paid Rs 34.72 crore for the cover. This is about Rs 4 crore less than what the public sector insurers had offered in 2005-06. Past year, the cover was provided by Reliance General Insurance before which it was being provided for by the four public sector insurers for a number of years.

NEW DELHI: Automotive glass repair and replacement company Windshield Experts on Monday said it has tied up with United India Insurance to manage the automotive glass claims for the insurance company. The glass repair company would provide cashless facility to UII policy holders under the scheme, Windshield Experts said in a release here on Monday. The salient features of this engagement would be hassle free transaction and quicker claim processing apart from providing cashless facility to UII policy holders, the release said.

KOLKATA: As many as 10 directors-cum-general managers are in the race for the post of chairman and managing director at United India Insurance (UII) which fell vacant recently. There is, however, just one contender from United India, while the others are from the three public sector general insurance companies ? Oriental Insurance, New India Assurance and National Insurance ? and reinsurer General Insurance Corporation of India (GIC). Interestingly, Mr MK Garg had taken over as the CMD of UII in December 2004 and he had at least five more years to retire.

MUMBAI: It's not just producers and directors who are excited about the rising corporate investment in the Indian film industry. Insurance companies have a reason to smile too: the film insurance business is prospering as well. The upcoming Drona, due to release on October 2, has been insured for Rs 50 crore by state-owned insurer United India Insurance (UII). All the bigticket releases of this year?Love story 2050, Jaane Tu... Ya Jaane Na and Jodhaa Akbar?were insured.

MUMBAI: It's not just producers and directors who are excited about the rising corporate investment in the Indian film industry. Insurance companies have reason to smile too: the film insurance business is prospering. Private insurer Bajaj Allianz is expecting a 50 per cent growth in its film insurance business this year. Drona, due to release on October 2, has been insured for Rs 50 crore by the state-owned insurer United India Insurance (UII). All the big-ticket releases of this year, Love story 2050, Jaane Tu...

CHENNAI: United India Insurance has posted an 83.69% jump in net profit, at Rs 393.39 crore in '03-04 against Rs 214.16 crore during the previous year. It has maintained dividend at 30%, absorbing Rs 30 crore. V Jagannathan, CMD, UII, told media persons: "This is the highest-ever profit achieved in the company's history. It is the result of our following prudent underwriting norms, investment gains and the focus on strengthening bottom line during the last couple of years".

CHENNAI: United India Insurance has posted an 83.69% jump in net profit, at Rs 393.39 crore in '03-04 against Rs 214.16 crore during the previous year. It has maintained dividend at 30%, absorbing Rs 30 crore. V Jagannathan, CMD, UII, told media persons: "This is the highest-ever profit achieved in the company's history. It is the result of our following prudent underwriting norms, investment gains and the focus on strengthening bottom line during the last couple of years".

KOLKATA: Almost 11.6% of the over 67,600 employees of the four nationalised general insurance companies have opted for the voluntary retirement scheme (VRS) as it comes to a close. Total officers opting for VRS across offices in New India Assurance (NIA) National Insurance Co (NIC), United India Insurance (UII) and Oriental Insurance Co (OIC) have been over 20% on an average. Latest figures available with ET suggest that trends have been positive enough, although most of the companies were expecting a 15% response.

KOLKATA: Almost 11.6% of the over 67,600 employees of the four nationalised general insurance companies have opted for the voluntary retirement scheme (VRS) as it comes to a close. Total officers opting for VRS across offices in New India Assurance (NIA) National Insurance Co (NIC), United India Insurance (UII) and Oriental Insurance Co (OIC) have been over 20% on an average. Latest figures available with ET suggest that trends have been positive enough, although most of the companies were expecting a 15% response.